Marbridge Daily

<- July 20, 2011 ->

Orca Digital Obtains USD 20 Mln in Second-Round Funding

Sina Tech, 7/20/11

Beijing-based online music provider Orca Digital, which operates music site, recently obtained approximately USD 20 mln in second-round funding led by China Media Capital (CMC). Once the current round of funding is complete, CMC and Google will be Orca's largest shareholders.

Orca CEO Gary Chen previously said that the company plans to acquire several domestic online music sites in order to obtain new technology or expand its user base. Music sites are exploring different business models such as value-added services and music-based games, according to Chen, who added that Orca aims to IPO as soon as possible.

Please note, all fields are required.
None of your personal information will be shared with third parties.

Please enter your name

Please enter a valid email address
(City, Country)
Please enter your location
(Please leave empty)

You need to enter a message
Drop Shadow